What is a good one that we cannot just access straight away so we are not tempted to keep dipping into it?
2007-06-26 21:14:34 · 5 answers · asked by Gemma T 5 in Business & Finance ➔ Personal Finance
I would open an online savings only account through HSBC, or both go into a branch that specializes in savings accounts. In LA we have Washington Mutual. Do a 6 or 12 month CD, and the banker will let you know what your return is. Keep in mind that you will have to pay taxes when you file for 2007, in 2008, on the interest you earned for the amount you put in.
It all depends on:
amount you want to save
amount you will be depositing
the longest amount of time you can last before taking the much needed vacation
how long your vacation is, location, and loss of pay while off work, and bills
-from experience, going to chillax in another city, my favorite being Manhattan, I like to bring 500 daily cash, and 3K in checking/PAID off credit cards.
You never know, a Barney's may have a sale.
=)
Whatever you do, don't get a joint checking account. Keep this new account seperate, and draft a legal, notorized (which can be done while you're at the bank) document between you and your bf.
This is from experience having 24K in an account w/my former girlfriend.
......let your imagination run wild on that one.
2007-06-26 21:27:11 · answer #1 · answered by James H 2 · 1⤊ 0⤋
Risky Business! My EX boyfriend and I did that and how do you split who deposited what? Why dont you both open seperate accounts and deposit $ into and JUST DONT TOUCH THE MONEY. And a lot of savings accounts have a minimum for you to deposit, some even charge a "small fee" for withdrawls. Hope this helps!
2007-06-26 21:20:58 · answer #2 · answered by wittytaurus80 2 · 0⤊ 0⤋
It would be easier to open and close a CD than a bank account. With a CD, you buy it with both names attached and then you sell it after a set period of time (days, months, years) and then when the time is up, you sell it back to the people you bought it from. Less paperwork than opening and closing a bank account. Also there is a penalty for cashing in early which could lesson your temptation.
2007-06-26 21:21:29 · answer #3 · answered by gregory_dittman 7 · 0⤊ 1⤋
separate accounts
2007-06-27 04:04:54 · answer #4 · answered by Cookie 3 · 0⤊ 1⤋
try to do on a weekly basis and be consistent.
2007-06-26 21:27:21 · answer #5 · answered by just hanging around 5 · 0⤊ 0⤋